These Americans are thrilled their Obamacare insurance plans kicked in on Jan. 1. Read their story and how Obamacare will benefit them.
Meet Karen Farrar, a 60 year old resident of Naples, Florida, working as an administrative assistant.
I’m uninsurable because of pre-existing conditions: osteoporosis, high-blood pressure, which I’ve had for 30 years, and asthma.My husband is self-employed and I work for him. We were uninsured for quite a long time. We had insurance people in our house giving us quotes, but as soon as I started going down the list of what the problems were, they said “oh…oh…no.”
In Oct. 2012, I was enrolled in PCIP [the transitional Pre-Existing Condition Insurance Plan that was created by the Affordable Care Act]. Previously, I had very limited coverage through the state of Florida.
The PCIP program is ending. My husband signed us up for Obamacare. He got through, no problems. There were a lot of choices. I was happy to see that.
The premium will be about $1,000 a month for the two of us. The new insurance will have a lower deductible and better coverage. The co-pays are lower.
Having insurance means a lot to me. Because of the osteoporosis and asthma, I always end up in the doctor’s office. Medication is expensive. When I was buying it outright, just the asthma medication was costing $400 a month. I stopped using it. I just started not breathing very well. I didn’t have any options.
All around, I think Obamacare is a great thing.
Meet 45 year old Alan Meeks, he is a system engineer from Orlando, Florida.
My last job had benefits, but required me to travel 75% of the time. What allowed me to take this job is the existence of the Affordable Care Act. The current company I work for is akin to contracting work. You are a little better paid, but you don’t have any benefits.
Both myself and my partner have pre-existing conditions. He has a heart condition and takes 14 drugs a day. I had a benign brain tumor and have to be checked with an MRI every two years.
I logged into healthcare.gov and looked at all the options. Using the site was a breeze. We chose a platinum version. Together we’ll be paying $770 a month with zero deductible and a maximum out-of-pocket of $2,000 for each of us. At my previous job, I was paying almost the same but the deductible was almost $8,000. And all our doctors are in the plan.
Now, I don’t feel like I’m constrained. Health benefits is not a deciding factor for where I work anymore. It gives me more freedom to do what I want professionally.
Jefferson Nunn, 40 years old residing in Henderson, Colorado working in consulting.
I had a PPO plan with an 80-20 [percent] co-insurance. It also had a high deductible.
In 2012, we paid more than $14,000 in medical bills. My wife had a couple of surgeries and I had to go in for surgery. We were just paying money right and left because of the deductible and because of the 80-20 co-insurance. It was crazy.
I just signed up for an HMO plan through Kaiser that will reduce my deductibles from $7,500 to zero. Also, my monthly insurance premiums will drop from $455 to $410. Previously, I could not get an HMO plan.
My wife and I are considering having a second child. With my old plan, I would have had to pay another $10,000. Now, with this new plan, I only have to pay a $500 co-payment for delivery. It’s a gold plan.
It’s a huge money saver. If my wife needs another surgery. I don’t have to worry about that crazy deductible. I was considering having a necessary procedure, but I had delayed it because I was terrified of the costs.
Honestly, the good plans are there if people would just look for them and take the time to understand the plans.
Read the original article here to read about other Americans who are thrilled their Obamacare insurance plans kick in on Jan. 1.
Now, we want to hear your thoughts. Please leave your comment or question in the space provided below and share this article with your friends and family on Facebook and Twitter. Your comments or question could be chosen as our featured Money Question Monday and a phone call by financial expert Heather Wagenhals could dial your way to be live on the Unlock Your Wealth Radio Show.